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Core PCE inflation hits 3.4%, highest since 2023; raises Fed rate cut doubts
PCE inflation rose to 4.1% while core PCE reached 3.4%, its highest level since 2023, raising concerns that Fed rate cuts could be delayed.
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cryptobriefing.com
Fed's June forecast: Persistent inflation, rate hikes likely by year's end
Fed forecasts persistent inflation and likely rate hikes by year-end. Inflation below 3.6% in June at 3.2% YES.
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nbcnews.com
Inflation report could fuel concerns over higher interest rates, even as oil prices fall
The Personal Consumption Expenditures index is the Fed’s favorite gauge of price increases.
